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Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.CNBC - Feb. 13 -
Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.NBC News - 6d -
A quick way to cut $1 trillion in federal spending
President Trump suggests that state governments should have primary responsibility for handling disasters, and cutting federal taxes would allow states to access more money to address their needs.The Hill - Feb. 11 -
Petition for Denmark to buy California for $1 trillion surpasses 200,000 signatures
A satirical online petition is catching the attention of Californians and Danes alike.CBS News - Feb. 12 -
House Republicans release budget plan, with trillions in tax and spending cuts
House Republicans released a budget resolution on Wednesday, laying a foundation for approving President Trump's agenda.CBS News - Feb. 12 -
House GOP releases budget calling for trillions in cuts to taxes and spending
House Republicans released a budget resolution that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.NBC News - Feb. 13 -
Ronald Reagan’s budget czar warns of ‘Trump’s $30 trillion debt disaster’
David Stockman was the O.G. ‘DOGE’ hatchet man.MarketWatch - 6d -
Breaking down the trillion-dollar risk posed by climate change
This weekend's flooding in Kentucky is a reminder of nature's power, and how it can be amplified by climate change. According to climate risk modeling company First Street, climate change could ...CBS News - 2d -
Despite DOGE, Trump's agenda calls for adding trillions of dollars to U.S debt
WASHINGTON — President Donald Trump and his billionaire adviser Elon Musk have sent shock waves through the federal government by attempting to take a hatchet to certain agencies in the name of ...NBC News - 1d -
Trillions of Viruses Live in Your Body. A.I. Is Trying to Find Them.
The Human Virome Program will analyze samples from thousands of volunteers in an effort to understand how viruses affect health.The New York Times - 1d -
Deadly flooding hits the South
At least nine people have been killed as dangerous weather and flood waters swept across the South over the weekend. Heavy winds and tornadoes also threatened several states. Skyler Henry reports.CBS News - 3d -
Extreme cold hits the U.S.
Millions in Texas are feeling chilling temperatures as parts of the South battle a cold snap. CBS News' Omar Villafranca reports.CBS News - 1d -
Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal
Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.CNBC - Feb. 12 -
Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal
Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform.NBC News - Feb. 12 -
With Trump all-in on crypto, bitcoin bulls bet the trillions in cash on America's corporate balance sheets are next
Adoption of cryptocurrency and bitcoin continues to grow, but haven't found a home on corporate balance sheets, where trillions remain in cash and bonds.CNBC - 6d -
House GOP panel passes budget blueprint with $4.5 trillion in tax cuts, steep spending reductions
The Republican-controlled House Budget Committee voted along party lines to advance a massive budget blueprint to slash taxes and spending by trillions of dollars.NBC News - 6d -
U.S. housing market could lose nearly $1.5 trillion in value due to rising costs of climate change
By 2055, 84% of all U.S. homes may see some drop in value, totaling $1.47 trillion in losses, according to an analysis by climate-risk firm First Street.CNBC - 1d -
Measles Outbreak Hits Town in Texas
As of Tuesday, 22 children and two adults had been infected, all of whom were unvaccinated, local officials said.The New York Times - Feb. 12 -
Trump's sweeping agenda is hitting legal roadblocks
The courts are slamming the brakes on some of President Donald Trump's efforts to quickly trim and transform the federal government.NBC News - Feb. 8 -
Chile's president orders curfews in regions hit by wildfires
Chilean President Gabriel Boric has issued state of emergency decrees for two regions in the center and south of the country due to raging wildfiresABC News - Feb. 8 -
Tremors hitting Santorini reach new strength
Three more quakes above 4.0 magnitude are registered on Monday near the Greek tourist hotspot.BBC News - Feb. 10 -
UK not planning to hit back at US on steel tariffs
Trade Minister Douglas Alexander said the UK would not have "a knee-jerk reaction" but "a clear-headed" response.BBC News - Feb. 11 -
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Saliba the striker? CB's offer for injury-hit Arsenal
Mikel Arteta has revealed that Arsenal defender William Saliba has offered to play up front to ease the north London club's injury crisis.ESPN - 5d -
"Devastating flooding" hits small town of Pikeville, Kentucky
In Pikeville, Kentucky, a town with a population of roughly 7,000 people, "nearly every home" in one neighborhood saw flooding impacts, the mayor said.CBS News - 3d -
Comedian Rosebud Baker hits the 'Mother Lode' with motherhood
Baker writes for 'Weekend Update' on 'Saturday Night Live.' Her second special, 'The Mother Lode,' gives a fresh take on the inner turmoil of mom life, before and after.Los Angeles Times - 2d -
Farms and Bakeries Hit by Egg Shortages and Price Hikes
Bare shelves in supermarkets and wholesalers, combined with double-digit price jumps, are pushing many food businesses to raise prices or change recipes.Inc. - 23h -
Trump's layoffs hit firefighter safety programs
Among the federal workers let go were the ones who maintain the National Firefighter Registry for Cancer — which was signed into law by Trump in 2018.NBC News - 19h -
ECB’s annual loss hits record €7.9bn
Loss reflects higher interest payments made to national central banksFinancial Times - 3h -
Kylie Minogue review – Tension world tour kicks off with euphoric show stuffed with hit after hit
RAC Arena, Perth The first stop on Kylie’s biggest tour in two decades reminds us that Australia’s queen of pop has always been a genius at reinvention. It is hard to believe anyone was ever a ...The Guardian - 4d -
College basketball scores, takeaways: Kansas hits rock bottom, Oklahoma's NCAA Tournament hopes take a hit
Five takeaways from Tuesday's slate in college basketballCBS Sports - 1d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - Feb. 7 -
Trump hits pause on blocking a trade loophole. Temu parent’s stock gains.
The U.S.-listed shares of Temu parent PDD Holdings finished higher Friday after the Trump administration pulled back on its effort to close a so-called de minimis exemption that lets shipments ...MarketWatch - Feb. 7 -
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Resist City pressure to hit cash Isas, building societies tell Reeves
Curbing tax breaks on popular savings product would reduce funding for mortgages and business loans, UK chancellor warnedFinancial Times - Feb. 9 -
Poor customer service hitting trust in UK tax authority
Both individuals and most businesses have lost faith in HMRC, spending watchdog findsFinancial Times - Feb. 10 -
Sharge’s Loomos AI smart glasses hits $1.5M in 5 days on Kickstarter
Sharge, a wireless charging supplier, has raised $1.53 million for the Kickstarter launch of its Loomos AI Glasses in just a five days.VentureBeat - Feb. 10 -
Markets Play Down the Hit From Trump’s Latest Trade Fight
Global markets are in a wait-and-see mode as President Trump vows to slap steel and aluminum tariffs, among other levies, on trading partners.The New York Times - Feb. 10 -